Weekly US energy inventory data from the EIA:
- Gasoline vs -1000K expected
- Distillates +1568K vs +3500K
- Cushing -2279K vs +1739K prior
- Refinery utilization +1.3% vs +0.61% expected
- Production 11.1 mbpd
The API data released late yesterday:
- +8420K
- Cushing -2285K
- Gasoline -2913K
- Distillates +4271K
The oil market hasn’t done much on the news with WTI down 86-cents to $38.31 today.